Greenbaum, Rowe, Smith & Davis LLP

  • Established in 1914
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Real Estate & Commercial Financing Transactions

The firm’s Real Estate & Commercial Financing Transactions Practice Group plays a well-established role in New Jersey’s highly competitive commercial lending environment, serving as counsel to both lenders and borrowers in routine and complex financing transactions. Our work on behalf of local, national and global banks and commercial lenders is guided by a commitment to achieving our clients’ business objectives.

We represent a diverse group of clients, including banks, insurance companies, asset-based lenders, leasing companies, and other commercial lenders, in a broad range of financing transactions. Due to our depth of experience here in New Jersey, we are also frequently retained as local counsel by out-of-state national and international clients engaged in New Jersey transactions.

Our expertise ranges from sophisticated syndicated and multi-tier financing transactions to more routine commercial loans secured by commercial or industrial real estate and business assets. We regularly provide counsel on transactions involving real estate acquisition and development financing, construction loans, working capital financing, asset-based lending and mezzanine loans.

New Jersey is experiencing continued growth in the redevelopment of former industrial sites and suburban office campuses for commercial, residential and mixed-use projects, including the construction of warehouse and logistics facilities to support the booming e-commerce sector and multi-family development along the state’s Gold Coast. The experienced attorneys in our Real Estate, Redevelopment & Land Use, Environmental and Corporate Departments are significant assets available to the Real Estate & Commercial Financing Transactions Practice Group in overcoming obstacles and finding creative solutions to issues that arise in connection with such projects.

Beyond our work for the lending community, we serve as a valuable resource for real estate developers, landlords, and corporate and family-business clients in their financing transactions with banks and other lenders. We provide borrowers with responsive and valuable guidance at all stages of the financing process.

REPRESENTATIVE MATTERS

  • Represented a national bank, as lender and administrative agent, on a $55 million syndicated, revolving credit facility for a New Jersey-based snack foods manufacturer and distributor. The credit facility was secured by the accounts receivable and inventory of the company. The firm’s team drafted the credit and collateral documentation and coordinated a closing with the borrower and lender group within ten days from the date of engagement – an extremely tight time frame given the size of the deal.
  • Represented an affiliate of Mack-Cali Realty Corp., as borrower, in the negotiation, structuring, documentation and closing of a $124.5 million non-recourse CMBS mortgage loan, to finance a portion of the purchase price of a portfolio of Class A office buildings in Short Hills, New Jersey.
  • Represented a New Jersey bank in a $9,490,000 mortgage loan refinance of a hotel property in Newark, DE. The hotel is part of a commercial condominium development including another hotel, a convenience store and a gas station. The firm’s team drafted and negotiated the loan documents and advised the bank on title and survey issues affecting the mortgaged property.
  • Represented a private investment fund as property owner in the negotiation, structuring and documentation of deed-in-lieu of foreclosure conveyances of two separate suburban office properties to an affiliate of Third Point LLC, a distressed debt investor, as noteholder of two defaulted CMBS loans in the respective principal amounts of $60.7 million and $53.1 million.
  • Represented a local bank on a $5,550,000 term loan and $2 million line of credit for a farm in central New Jersey. The term loan and line of credit are cross-collateralized by three separate parcels of farmland and all business assets of the farm operations. The firm’s team counseled the bank on the deal structure, drafted and negotiated the loan documents, and advised on title and survey issues.
  • Represented an affiliate of a publicly-traded REIT, as borrower, in the negotiation, structuring, documentation and closing of a $250 million non-recourse CMBS mortgage loan, secured by a 1.25 million square feet office building in Jersey City, New Jersey.
  • Represented the seller of a portfolio of 5 Class A suburban office buildings in Bergen County, New Jersey containing almost 1.1 million square feet to two separate buyers, in seller’s capacity as a purchase money mortgage lender for loans of $40,202,500 and $24,294,390, respectively.
  • Represented a major national bank in connection with a $100 million unsecured revolving line of credit (including a letter of credit subfacility) to a leading retailer of electronics.
  • Represented a property owner, a Delaware limited partnership with multiple tiers of ownership, as borrower in connection with a $27.4 million limited recourse permanent mortgage loan to refinance the existing indebtedness on an Edison, New Jersey office property.
  • Represented a major national bank as senior secured lender in connection with the structuring, negotiation, documentation and closing of a $75 million revolving line of credit facility to a multinational generic pharmaceuticals manufacturer and distributor and its affiliates, as borrowers, as well as an intercreditor agreement with a concurrent secured lender.
  • Represented an insurance company lender in connection with an intercreditor agreement with a junior construction lender and the modification of a $31 million original principal amount loan secured by a single tenant industrial property in South Brunswick, New Jersey.
  • Represented a leading national lender in the negotiation, documentation and closing of a $17 million mortgage financing deal. The loan assisted a New Jersey manufacturer’s acquisition of its primary facility from a real estate investment trust. The transaction involved extensive negotiations with the borrower’s counsel over a six-month period. The firm’s services included the bank’s environmental review, material changes to the bank’s standard loan documentation, procuring consents from the manufacturer’s factoring lender, and the negotiation of an inter-company lease between the borrowing entity and the parent-manufacturer that occupies the facility.
  • Represented a commercial lender on the simultaneous closings of three mortgage loans in Maryland to finance the acquisition of three commercial properties by a New Jersey based company that is expanding its reach in the mid-Atlantic region. This transaction followed the group’s successful representation of this client in amending this borrower’s $40 million business line of credit.
  • Represented a New Jersey commercial lender in over $65 million in real estate financing transactions in 2013, including the $9 million construction/permanent mortgage refinancing of a self-storage facility in Jersey City.
  • Represented a regional commercial lender in its $23 million+ participation in an overall construction of approximately $67.5 million, secured by mortgage liens on a 120,000 sf shopping center and a multi-family rental apartment development. The transaction is one of a series of participations the firm has handled for this bank.

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Peer Reviews

4.9/5.0 (218 reviews)
  • Legal Knowledge

    4.9/5.0
  • Analytical Capability

    4.9/5.0
  • Judgment

    4.9/5.0
  • Communication

    4.9/5.0
  • Legal Experience

    4.9/5.0
  • 5.0/5.0 Review for Lisa Parker by a Partner on 08/21/15 in Matrimonial Law

    Lisa is an exceptional lawyer. I have had a number of cases with her over the years, and have always found her to be reasonable, fair-minded and practical

  • 5.0/5.0 Review for Steven Nudelman by a Member on 09/28/12 in Construction Law

    Steven Nudelman is an outstanding attorney, who possesses superior intellect and an ability to resolve matters in a most efficient and expeditious manner.

Peer reviews submitted prior to 2008 are not displayed.

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Diversity

Diversity, Equity & Inclusion Are Core Values

Greenbaum, Rowe, Smith & Davis LLP is committed to providing exceptional legal services, delivered by an organization that reflects and celebrates the unique viewpoints and goals of the clients and communities we serve. This core value is defined by our dedication to enhancing and advancing diversity, equity and inclusion throughout the firm.

We are committed to leading by example to ensure that the profession of law reflects the society in which we operate. To achieve this objective, we must embrace and cultivate diversity, equity, and inclusion as intrinsic priorities empowered by action. From our perspective, it is incumbent upon the profession of law, including our firm, to dynamically shift in strategy, mindset and practice.

Our enduring mission is to identify, develop and champion talent from a diversity of backgrounds and experiences, regardless of race, ethnicity, nationality, age, gender, religion, disability, marital status, or sexual orientation. We are inspired to nurture a professional environment enriched by a culture of equity and inclusion, to the benefit of each individual touched by the firm.

Our Diversity, Equity & Inclusion Team

The Diversity, Equity & Inclusion Team (DE&I Team) focuses on multiple issues as it strives to facilitate the firm’s ongoing efforts to advance an atmosphere in which our attorneys and business professionals can thrive as individuals with a variety of perspectives, abilities, and experiences. The DE&I Team pursues both transitional and long-term targets to help achieve this critical objective through employee training, attorney development, cultural competency, and engagement with the New Jersey community at large.

The DE&I Team meets regularly, and in collaboration with firm management and administration, to ensure that adequate resources are allocated to the strategic advancement and implementation of a broad range of diversity initiatives. The DE&I Team’s work is bolstered by the efforts of several dedicated focus groups, which concentrate on the recruitment and retention of talent, on community engagement and outreach, and on the promotion of women’s initiatives.

The DE&I Team and its focus groups have prioritized the development and implementation of the following initiatives:

  • Exposing the firm’s members to the thought leadership of external diversity experts who provide training and share insights on issues related to diversity, equity and inclusion. All attorneys at the firm are required to participate in mandatory online DE&I education as a component of this initiative.
  • Adopting professional development strategies that sustain a fully transparent and equitable attorney performance assessment and advancement process to ensure the firm’s appreciation of the unique talents and skills imbued in each attorney. This includes the implementation of a structured individual mentoring program that encourages more experienced attorneys to assist less experienced lawyers by providing substantive work product assessments and supporting career advancement through increasingly challenging assignments.
  • Recognizing the value in mentorship and sponsorship and how both, in practice, may relate to ascending the legal industry leadership ladder. This includes preparing women and other underrepresented lawyers to assume greater responsibility in both law firms and corporate legal departments.
  • Building ties with minority and women-owned businesses and encouraging cross-cultural community connections and support, including providing pro bono legal services through outreach to organizational partnerships and collaborative community-facing affiliations that cultivate measurable engagement with minority and underserved communities.
  • Maintaining a dynamic recruitment process driven by increased activity within affinity bar associations, guided by impartial assessments of attorney potential and the principle that talent resides equally across law schools, law firms, and socio-economic and cultural backgrounds, and dedicated to the creation of a pipeline of diverse attorneys who can be elevated to leadership roles.
  • Developing enlightened workplace policies, including greater flexibility in terms of working hours, providing options for remote work, and fine-tuning partnership track advancement, to help balance work and family commitments.

Raising Awareness

The firm is steadfast in its belief that proactively shining a spotlight on the issues that impact members of underrepresented groups is critical to meeting our diversity and inclusion mission. A number of our attorneys devote themselves to membership and leadership in professional associations focused on diversity, equity and inclusion, both within and beyond the legal industry.

This activity includes involvement in the following organizations:

Facilitating the Conversation

Members of the firm further demonstrate their commitment to our mission by regularly engaging in programming, authorship and other initiatives that seek to address inequities and advance inclusivity in professional opportunity and advancement. This thought leadership includes presentations to a broad range of audiences and organizations including the New Jersey State Bar Association, the New Jersey Judicial College, the New Jersey Institute for Continuing Legal Education, the New Jersey Women Lawyers Association, Trial Attorneys of New Jersey, the Association of Corporate Counsel New Jersey Chapter, the Association of Criminal Defense Lawyers of New Jersey, the Middlesex and Morris County Bar Associations, the New Jersey Supreme Court Committee on Women in the Courts, the New Jersey Realtors Diversity Forum, the New Jersey Association for Justice, the Rutgers University School of Law – Newark, and numerous providers of continuing professional education.

Some recent and upcoming speaking engagements in which our attorneys are program coordinators, panelists and/or moderators follow:

Women's Advancement Initiative

The firm’s Women’s Advancement Initiative (WAI) serves as a strategic resource to assist women attorneys in realizing their professional goals by providing them with tools to help them to develop, flourish and reach their full potential. To this end, the WAI facilitates the implementation of fruitful business generation initiatives, leadership training, and effective professional development practices through encouragement, advocacy, educational programming, and networking opportunities.

The WAI strives to advance and expand women’s leadership within the firm, the legal industry, and at the highest levels of business as a whole. Through curated programming centered on the unique needs and perspectives of women professionals, the WAI focuses on best practices in business development and professional relationship building. These efforts are directed towards laying the framework – and building an essential toolbox – for capitalizing on career advancement and leadership opportunities.

Investing in Our Future Leaders

We are proud to provide opportunities through the Rutgers Law School Minority Student Program (MSP) and to participate as a Summer Internship Program (SIP) Employer Partner, playing our part in helping develop members of the legal industry's next generation of lawyers. Rutgers Law School’s MSP is a nationally-acclaimed post-admissions program that serves students of any minority race or ethnicity who have faced discrimination or overcome social and economic hardships. The program offers guidance on developing legal skills, academic support, alumni mentoring and networking, internships and other opportunities.

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